ForexMart Review 2025
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Updated:
Reason to avoid: Reputation
Listed Date: September 5, 2018
Top 3 Forex Brokers
Beware ForexMart is a Non-Regulated broker. It is NOT SAFE to trade.
Advertising Disclosure
Updated:
Reason to avoid: Reputation
Listed Date: September 5, 2018
Beware ForexMart is a Non-Regulated broker. It is NOT SAFE to trade.
According to our research, ForexMart is not a safe broker. The company had many issues with their clients in terms of the provided services and commitment to deliver fair trading conditions as well as money management. Moreover, recently ForexMart received an administrative fine of €130,000 for unfair acts.
🗺️ Registered in | Cyprus |
🗺️ Type of License | CySEC |
🛡️ Is ForexMart safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
ForexMart is committed to offering high-class trading software, giving exceptional trading experience, protecting clients' accounts against any fraudulent activity, and equipping the traders with comprehensive knowledge needed for successful trading. ForexMart uses MetaTrader 4, one of the leading platforms for trading forex online. The customer support team is available 24 /5 to assist its clients with the trading issues and questions.
Taking into consideration the issues we found with ForexMart safety and regulations, we do not rank positively ForexMart. With an Expert Opinion with over 10 Years of experience in Forex Trading we have come up with the following ranking:
Ranking | ForexMart | FP Markets | XM |
---|---|---|---|
Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Trading Environment | Education |
As we found multiple issues regarding the safety and reliability of ForexMart, here we offer much better Alternatives to ForexMart with tight regulations and great conditions. We select Good Brokers and reliable options for your comparison below:
ForexMart does not charge deposit fees. However, payment systems may charge commissions for their services. Withdrawal fees vary depending on the payment method. The options of funding include: Bank Wire, Credit Card, Debit Card, and e-wallet payment systems Skrill, Neteller, Diners, and Western Union.
Overall, we do not recommend traders to involve in the risk and invest in trading with ForexMart due to its confusing actions and gap in reputation. It's better to choose a reliable broker from the list of Regulated Brokers that complies with the strictest rules and requirements to operate clients’ trading. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and BlackBull Markets.
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